Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about tariffs and trade wars. It’s been a crazy first couple of weeks with this new administration. Today’s article from Morningstar talks about the possibilities of tariffs and what that could mean for us: “Buying a house admid the trade war? Here’s what you can expect from mortgage rates.”

Some results of tariffs could include an immediate rise in the cost of building supplies like lumbar, and possibly a rise in inflation. There is some disagreement on this, but most economists say tariffs are inflationary.

We are good for the next 30 days since Canada, Mexico and the USA have a temporary agreement, but if tariffs do happen, and we see inflation, then the fed would get involved and there could be a possible rate bump. Essentially, we could see interest rates rise, if tariffs come into play. Listen in as we discuss this and more!

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